| Product Code: ETC5025553 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Canada electronic watches market experienced a decline in imports from 2020 to 2024, with a Compound Annual Growth Rate (CAGR) of -3.94%. In 2023-2024, the year-on-year growth rate further decreased to -0.74%. These figures indicate a consistent downward trend in import volumes over the specified period.

The Electronic Watches Market in Canada is evolving with technological advancements that enhance functionality and design. Electronic watches, including smartwatches and digital timepieces, offer features such as health monitoring, GPS, and connectivity with other devices. The market growth is driven by consumer interest in multifunctional timepieces and the integration of advanced technologies that provide added value and convenience.
The growth of the Canada Electronic Watches Market is fueled by the increasing popularity of smartwatches and advanced electronic timepieces. Electronic watches offer enhanced features such as fitness tracking, notifications, and connectivity, appealing to tech-savvy consumers. The rise of wearable technology and the integration of health monitoring functions in electronic watches drive the market`s expansion.
The Canadian electronic watches market is challenged by rapid technological advancements and changing consumer preferences. Manufacturers must keep pace with innovations such as smartwatches and wearable technology while managing the costs associated with incorporating new features. Additionally, competition from global brands and the need to address issues related to battery life and durability present ongoing challenges.
The electronic watches market in Canada is influenced by policies that address consumer safety and electronic product standards. The Canadian government enforces regulations under the Canada Consumer Product Safety Act (CCPSA) to ensure that electronic watches meet safety and quality standards. Additionally, there are initiatives to support innovation in wearable technology, including funding for research and development, which contributes to the growth and advancement of the electronic watches market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Electronic Watches Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Electronic Watches Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Electronic Watches Market - Industry Life Cycle |
3.4 Canada Electronic Watches Market - Porter's Five Forces |
3.5 Canada Electronic Watches Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Canada Electronic Watches Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Canada Electronic Watches Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of wearable technology among consumers |
4.2.2 Technological advancements in electronic watches leading to enhanced features and functionalities |
4.2.3 Growing trend of fitness tracking and health monitoring devices |
4.3 Market Restraints |
4.3.1 High initial cost of electronic watches compared to traditional watches |
4.3.2 Limited battery life and the need for frequent recharging |
4.3.3 Competition from smartwatches and other wearable devices |
5 Canada Electronic Watches Market Trends |
6 Canada Electronic Watches Market Segmentations |
6.1 Canada Electronic Watches Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Electronic Watches Market Revenues & Volume, By Digital Quartz Watch, 2022-2032F |
6.1.3 Canada Electronic Watches Market Revenues & Volume, By Analog Quartz Electronic Watch, 2022-2032F |
6.1.4 Canada Electronic Watches Market Revenues & Volume, By Automatic Quartz Watch, 2022-2032F |
6.1.5 Canada Electronic Watches Market Revenues & Volume, By Solar Electronic Watch, 2022-2032F |
6.1.6 Canada Electronic Watches Market Revenues & Volume, By Multi-Functional Electronic Watch, 2022-2032F |
6.2 Canada Electronic Watches Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Canada Electronic Watches Market Revenues & Volume, By Men, 2022-2032F |
6.2.3 Canada Electronic Watches Market Revenues & Volume, By Women, 2022-2032F |
6.2.4 Canada Electronic Watches Market Revenues & Volume, By Children, 2022-2032F |
7 Canada Electronic Watches Market Import-Export Trade Statistics |
7.1 Canada Electronic Watches Market Export to Major Countries |
7.2 Canada Electronic Watches Market Imports from Major Countries |
8 Canada Electronic Watches Market Key Performance Indicators |
8.1 Average selling price of electronic watches |
8.2 Adoption rate of wearable technology in Canada |
8.3 Percentage of consumers using electronic watches for health monitoring |
8.4 Number of new features and functionalities introduced in electronic watches |
8.5 Customer satisfaction ratings for electronic watch brands |
9 Canada Electronic Watches Market - Opportunity Assessment |
9.1 Canada Electronic Watches Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Canada Electronic Watches Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Canada Electronic Watches Market - Competitive Landscape |
10.1 Canada Electronic Watches Market Revenue Share, By Companies, 2032 |
10.2 Canada Electronic Watches Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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